Hempalta (CVE:HEMP) Shares Down 20% – Should You Sell?

Hempalta Corp. (CVE:HEMP)’s share price dropped 20% during mid-day trading on Saturday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 114,000 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 119,310 shares. The stock had previously closed at C$0.05.

Hempalta Price Performance

The firm has a market capitalization of C$3.80 million, a P/E ratio of -0.32 and a beta of -0.10. The stock’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.11. The company has a debt-to-equity ratio of 28.72, a quick ratio of 0.88 and a current ratio of 3.99.

Hempalta Company Profile

Hempalta Corp., an agricultural cleantech company, produces and processes industrial hemp in North America. It manufactures products using a process known as HempTrain that enables to produce a range of hemp-based commercial and consumer products. The company also engages in the hemp carbon credit market.